XRP News Today: SEC vs. Ripple Lawsuit Deepens with Consensys Legal Battle (2024)

FAQs

Is the SEC and Ripple in an ongoing legal battle over XRP lawsuit? ›

The legal spat between the entities started in December 2020 when the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The battle passed through numerous developments in the following years, reaching its trial phase in April 2024.

Despite Ripple (XRP) gaining regulatory clarity, the crypto token failed to break above the $1 resistance level, suggesting that the lawsuit had nothing to do with its unimpressive price action. Therefore, not much can be expected from Ripple's (XRP) price even when the lawsuit ends.

The Ripple vs SEC case settlement is believed to be around the corner. However, XRP lawyer Bill Morgan feels the SEC could delay the settlement with appeals and injunction. The SEC is yet to respond to Ripple's opposition to the civil penalties.

SEC Demands Hefty $2 billion on Ripple

XRP to institutional investors. In its opposition motion filed last month, Ripple argued that the figure should be closer to $10 million. The SEC noted its proposed penalty was large but said Ripple's proposed penalty would be a “slap on the wrist” in a filing posted on Tuesday.

The SEC may begin preparing an appeal that could leave XRP sidelined through H2 2024. However, SEC plans to appeal against the Programmatic Sales ruling hinge on the outcome of, Coinbase (COIN) Motion to Dismiss (MTD) all charges in the ongoing SEC v Coinbase case.

Ripple Case Timeline. March 22 to May 20, 2024: Proposed timeframe for submissions and redactions for the SEC and Ripple. April 2024: Ripple is expected to contest the proposal. March 25, 2024: The SEC filed a proposal for judgment, demanding nearly $2 billion in penalties against Ripple.

What is the potential impact on Ripple's value if they win their court case with the Securities and Exchange Commission (SEC)? When (Not IF) Ripple wins that baseless lawsuit, expect the price to 20x in few days.

Throughout 2024, XRP is expected to move between $0.26 and $0.62 with an average forecasted price of $0.41. The forecaster at InvestingHaven predicts XRP to move in a range between $0.40 and $0.88 throughout 2024 but dramatically increases upside targets for 2025 and 2026 to $3 and ultimately $9 to $10.

Coin Price Forecast

According to the XRP price prediction 2026, the value of XRP should rise from 0.82 USD (beginning of 2026) to 1.44 USD by the end of 2030. Coin's growth potential is limited. Of course, the price will rise and fall over six years.

Just like with all other cryptocurrencies, you can buy and sell Ripple as a way to make money. If you have decided to sell, you have the choice between selling your Ripple for euros or exchanging them for another cryptocurrency.

Can Ripple reach $5 dollars? ›

Ripple's rocket ride may be risky

But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years. The true wealth-building gains will come in the long haul, as RippleNet expands to more countries and becomes more widely used.

Our real-time XRP to USD price update shows the current Ripple price as $0.526963 USD. Our most recent Ripple price forecast indicates that its value will increase by 28.43% and reach $0.676787 by May 25, 2024.

In its recent response to the remedies brief, the SEC challenged Ripple's insistence that the blockchain startup acted without recklessness and that there should be no “widespread uncertainty” about the legal status of XRP (XRP) despite the court previously rejecting this “fair notice” defense.

Will XRP Crypto Go Up? If the market pushes the price above the $0.5340 mark, the bulls will regain momentum and test its support/resistance zone. Furthermore, a breakout could result in the XRP token heading toward its upper resistance level of $0.65 in the coming time.

Today, Ripple Labs is preparing to file a crucial reply to the U.S. Securities and Exchange Commission's (SEC) remedies briefing in their ongoing legal dispute. This significant step, expected to occur on April 22, is part of a lawsuit that has garnered considerable attention in the cryptocurrency sector.

XRP price prediction 2025

The XRP price prediction for 2025 is currently between $ 0.328029 on the lower end and $ 1.61237 on the high end. Compared to today's price, XRP could gain 209.88% by 2025 if XRP reaches the upper price target.